Market Chatter: InvestHK Chief Touts 'Safe Haven' Role for Hong Kong as Middle East Risks Rise

MT Newswires Live03-23 10:49

Hong Kong should position itself as a "safe haven" to attract foreign capital amid escalating tensions in the Middle East, the South China Morning Post reported, citing InvestHK chief Alpha Lau.

Speaking in Beijing, Lau said businesses remain cautious on expansion due to rising costs and geopolitical uncertainty, including the US-Israel conflict involving Iran and attacks on infrastructure in Dubai, the report added.

Lau added that Hong Kong could capture capital flows from Dubai despite its incentives, with China and other fast-growing Asian markets remaining key expansion targets, according to the report.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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Comments

Edison1220
03-23 13:43
Edison1220
most likely a financial rubble

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"513600":"恒生指数ETF南方","02833":"恒指ETF","HSI":"恒生指数","HSTECH":"恒生科技指数"},"source_url":"https://www.mtnewswires.com/","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2621725946","content_text":"Hong Kong should position itself as a \"safe haven\" to attract foreign capital amid escalating tensions in the Middle East, the South China Morning Post reported, citing InvestHK chief Alpha Lau.Speaking in Beijing, Lau said businesses remain cautious on expansion due to rising costs and geopolitical uncertainty, including the US-Israel conflict involving Iran and attacks on infrastructure in Dubai, the report added.Lau added that Hong Kong could capture capital flows from Dubai despite its incentives, with China and other fast-growing Asian markets remaining key expansion targets, according to the report.(Market Chatter news is derived from conversations with market professionals globally. 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